Common use of Position and Compensation Clause in Contracts

Position and Compensation. You will continue in the position of Chief Executive Officer, responsible for performing such duties as are assigned to you from time to time, reporting to the Company’s Board of Directors. Effective July 1, 2021, your base salary will be paid at the rate of $600,000 per year, less payroll deductions and withholdings, paid on the Company’s normal payroll schedule. During your employment, you will continue to be eligible to participate in the benefits plans offered to similarly situated employees by the Company from time to time, subject to plan terms and generally applicable Company policies. A full description of current benefits is available for your review. Your previously granted equity awards will continue to be governed by the applicable equity incentive plan and equity awards documents. Of course, the Company may change your position, duties, compensation, benefits and work location from time to time in its discretion.